Culture Amp, an employee experience platform, has raised $100 million in a Series F round led by TDM Growth Partners (TDM) and Sequoia Capital China, valuing the company at over US$1.5 billion.
TDM Growth Partners (TDM) and Sequoia Capital China were the lead investors. In addition, Salesforce Ventures, a new investor, joins current investors Felicis Ventures, Blackbird Ventures, Index Ventures, Sapphire Ventures, Skip Capital, Grok Ventures, and Global Founders Capital in this round.
The cash will be used to expand the firm’s clients, according to the statement. We’ve reached out to the firm for further information.
Since its founding in 2011, Culture Amp has been using behavioural science and data analytics to assist organisations personalise their employee performance management approach. With locations in the United States, the United Kingdom, and Australia, the company today serves over 4,000 organisations with over 25 million workers all over the world. Some of their clients include Salesforce, Unilever, PwC, KIND, SoulCycle, and BigCommerce.
Last year, the company generated over $100 million in recurring revenue. Furthermore, according to a document filed with the Australian Securities and Investments Commission, its revenue is stated to be US$45.8 million.
Culture Amp was named one of the top 100 private cloud firms in the world by Forbes last year.